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Objectives of economic planning in India - Introduction, Indian Economy Video Lecture | Indian Economy - B Com
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FAQs on Objectives of economic planning in India - Introduction, Indian Economy Video Lecture - Indian Economy - B Com
| 1. What is economic planning in India? |  |
Ans. Economic planning in India refers to the process of formulating and implementing strategies to achieve specific economic goals and objectives. It involves the allocation of resources, setting targets, and creating policies to promote economic growth, development, and equitable distribution of wealth.
| 2. What are the objectives of economic planning in India? | |
Ans. The objectives of economic planning in India are:
- Promoting rapid economic growth and development.
- Reducing poverty and unemployment.
- Achieving self-reliance and reducing dependence on foreign aid.
- Ensuring equitable distribution of income and wealth.
- Improving the standard of living and quality of life for all citizens.
- Promoting industrialization and modernization.
- Developing infrastructure and improving transportation and communication networks.
- Protecting the environment and promoting sustainable development.
- Promoting social justice and reducing income inequalities.
| 3. How does economic planning contribute to reducing poverty in India? | |
Ans. Economic planning in India aims to reduce poverty by implementing policies and programs that focus on inclusive growth and equitable distribution of resources. These measures include:
- Implementing poverty alleviation programs like the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), which provides employment opportunities to rural households.
- Promoting agricultural development and rural entrepreneurship to uplift rural communities.
- Providing access to education, healthcare, and social welfare schemes for marginalized sections of society.
- Implementing targeted schemes for poverty reduction, such as the Pradhan Mantri Jan Dhan Yojana (financial inclusion program) and the Pradhan Mantri Awas Yojana (housing for all).
| 4. How does economic planning promote industrialization in India? | |
Ans. Economic planning in India promotes industrialization by implementing policies and measures that encourage investment, technological advancement, and infrastructure development. Some key initiatives include:
- Creating Special Economic Zones (SEZs) to attract foreign direct investment and boost industrial growth.
- Providing incentives and subsidies to industries in specific sectors to promote their development.
- Facilitating ease of doing business by simplifying regulations and improving the business environment.
- Developing infrastructure, such as industrial corridors, to support industrial growth.
- Promoting research and development in industries to foster innovation and competitiveness.
| 5. How does economic planning in India address environmental concerns? | |
Ans. Economic planning in India recognizes the importance of sustainable development and environmental conservation. Some measures taken to address environmental concerns include:
- Encouraging the use of renewable energy sources, such as solar and wind power, through various policies and incentives.
- Implementing pollution control measures and promoting cleaner production technologies in industries.
- Establishing environmental regulations and standards to protect natural resources and prevent pollution.
- Promoting sustainable agriculture practices, such as organic farming and water conservation.
- Creating awareness and promoting environmental education to foster a sense of responsibility towards the environment.
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Nov 15, 2024 Last updated |
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